Saint Joseph Academy

Analysis

Saint Joseph Academy is a registered charity in United States, based in San Marcos, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Saint Joseph Academy reported income of $3.0m and spending of $3.4m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.0m (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saint Joseph Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include E3 Alliance ($3.0m), Challenge Program ($3.0m) and Cape Cod Childrens Place Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $175k (5.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.1m against liabilities of $3.4m, net assets of $1.6m. It reported 75 employees.